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Self employed Mortgage evidence?
Hello, I will soon be looking for a mortgage and would like to make sure I am in the best position when I apply. I currently have a mortgage but am now self employed. I will soon have been trading for 2 years. I need to know: 1:What evidence is required b high street lenders. Im thinking Halifax as I bank with them. What…
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Can i remortgage when unemployed?
Cousin is currently on JSA. He has received a letter from his current mortgage provider. They are closing down their mortgage business and has instructed cousin to change his mortgage provider. He has a couple of months to sort it out. Since he is unemployed how easy will it be for him to remortgage? His current mortgage…
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Please Help!! simple explanation needed
Ok, I am going through a part ex old for old We have been offered £65k for ours (£14k negative equity) They agreed to drop the price of the house we are buying by that amount which means selling us theirs for £118k (should be £132k which we are still borrowing??) Spoken to mortgage company I want to port my mortgage across…
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Mortgage process
Just a quick one. How many times do lenders carry out credit searches from the beginning to the end of the process? I know they can carry them out as many times as they want, however what is the norm?
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Avoiding NRAM MEAF fees
Hi, Im remortgaging and leaving NRAM. I am due to pay a £250 MEAF fee, is there any way i can avoid this or pay it and reclaim it. Ive read about unfair charges, but this seems to relate mainly to lenders charging more than the key facts states. This does not apply to me, but i also read that these fees should only be the…
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Cash in endowment and pay off mortgage??
We have an endowment with Standard Life left over from our first house purchase, when we moved to this house we continued with the endowment but went repayment on the mortgage for this house. All going well in February next year what we have left to pay on this mortgage will be less than the surrender value on our…
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Borrowing helppppppp pls
We have been with Santander for 2 years We want to sell our home Repay the bank Port over our existing morg to the new property (they say we can do) We earn 80k Equity - hopefully 90k Santander said they can lend us up to 415k! We only want 330k If our equity falls to 80k will this affect how much we can borrow - we just…
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1st Time mortgage help
Hello, Sorry for the length of this, it's my first post and not sure what was pertinent and not. Like most people i'm having a bit of difficulty with the mess that is the financial market right now. Long story short (would you believe this is the short version), my position is. Mid twenties, father passed away at beginning…
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Interest only Mortgages - help please
Hi there, :) Wondering if anyone can offer some advice. At the moment we have an interest only mortgage We want to sell our home Santander explained that we need to pay the outstanding balance back Reapply for a new mortgage on the new home - but they have told us that due to new regulations it will be difficult to secure…
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Is it worth cancelling this endowment plan & investing elsewhere?
My mum took out an endowment plan in '99. The interest it is receiving is abysmal. Thing is, i don't fully understand all the terminology. Here's what she received for her most recent statement: Where it says current revisionary: £0.37, previous years have been as follows: 2009: £0.37 2008: £11.13 2007: £11.07 2005: £0.62…
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Giving up a share of home?
Hello, Not sure if this is the right section but I have purchased a house recently for £137,000 using £26,500 deposit and £110,500 on a halifax morgage. As I have 26,500 equity in the house can I gift this to my wife so that she owns a share of the house? Thanks
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Can we force sale?
My husband is still on the mortgage of a house he had with ex. She still lives there paying the interest only mortgage. Husband lives with me in my flat. Until the house he has with ex is sold we have no chance of buying a house together (we would like a family and flat just isnt big enough). Ex cannot get a mortgage on…
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BoE Intrest Rate Rise
When the BoE raise the intrest rate (when ever that is ?) is it likely that the rate will go up in 0.25% increment or is it liley to be much more more stepe I would value forum members openion
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New build mortgage LTV
Hi We are first time buyers and just put down a £2k reservation fee on a new build in southwest London. We had spoken to Nationwide beforehand and knew that we could borrow enough to fund the purchase on a 85% LTV deal. Only after paying the reservation fee and looking on the internet, did I realise that Nationwide…
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Mortgage advice
Hi i was wondering if someone could advice me. Im looking to get a mortgage with my partner this time next year but not sure if this realistic or not. The problem is i have a default on my credit file from october 08 which will still be present on file at the time of a mortgage application. Unless i can get it removed as i…
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mortgage company have no record of me!!!!!!
Help, tried paying my mortgage over the phone over a week ago and the mortgage company have not heard of me. After 11 years they suddenly have no record. Mortgage overdue and I've not heard a thing, normally have received numerous phone call and letters. Have I been deleted??
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Mortgage offer process
Hi im just wondering if anyone can help and advise.I have been made a mortgage offer through santander and instucted solicitors but i have a few defaults on my credit file so i dont know how i got accepted in the first place as my credit history is rubbish.My question is do i have another credit check done on me before i…
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Release of equity by selling property to son
We want to sell our house that has a mortgage left on it of £171K it is worth approx £250k. We have another property which we rent out worth approx £60-65k with no mortgage on it. We have been told by our present lender that we could take our present mortgage with us on to another property, but that the maximum they would…
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problems with a joint endowment, it should have been transferred to my name
Hi all First off, brilliant forum. spent the last few days reading through all the posts. I need some advice please. here is a summary of facts Married Feb 1991 ( I was serving in the Army we both lived in married quaters, wife left army to look after 2 children born 1991 and 1993). 1996 we separated, I continued in the…
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Collateral instead of cash deposit for Mortgage?
Hello All, I am a Dutch expatriate, live in the UK and do not know much about the British mortgage system/financial institutions and I hope one of you could help me with the following: We own a small flat in the UK that is rented out for 590 gbp/month. The flat is wholly owned by me and my wife and there is no mortgage on…
